8th October 2019

CMA clears MUFG Bank/DVB Bank merger

The Competition and Markets Authority (CMA) has investigated and given the all-clear to the anticipated acquisition by MUFG Bank Ltd relating to the aviation business of DVB Bank SE and the anticipated acquisition of the AAM/AIM Business.

On 16 August 2019, the CMA announced the launch of its merger inquiry by notice to the parties.

On 19 August 2019, the CMA began its consideration into whether it was or may be the case that this transaction, if carried into effect, would result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result in a substantial lessening of competition within any market or markets in the UK for goods or services.